B. Metzler seel. Sohn & Co. AG Purchases 6,443 Shares of ONEOK, Inc. $OKE

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in ONEOK, Inc. by 8.2%, now owning 84,899 shares worth approximately $8.42 million.
• ONEOK recently reported a quarterly EPS of $1.34, exceeding analysts’ expectations, and had revenue of $8.21 billion for the quarter.
• A quarterly dividend of $1.03 was declared, representing an annualized yield of 5.5% and a payout ratio of 80.31%.

B. Metzler seel. Sohn & Co. AG raised its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,899 shares of the utilities provider's stock after acquiring an additional 6,443 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in ONEOK were worth $8,423,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of ONEOK by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider's stock worth $7,461,043,000 after buying an additional 5,076,705 shares in the last quarter. Nuveen LLC bought a new stake in ONEOK in the 1st quarter valued at about $440,535,000. Boston Partners purchased a new stake in shares of ONEOK during the 1st quarter valued at approximately $353,596,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of ONEOK by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider's stock worth $2,079,376,000 after acquiring an additional 2,542,449 shares during the period. Finally, Wellington Management Group LLP grew its holdings in ONEOK by 51.9% during the 1st quarter. Wellington Management Group LLP now owns 6,388,987 shares of the utilities provider's stock valued at $633,915,000 after buying an additional 2,182,081 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 2.3%

ONEOK stock traded down $1.78 during mid-day trading on Tuesday, reaching $74.60. The stock had a trading volume of 1,117,933 shares, compared to its average volume of 3,902,185. The company has a 50-day moving average price of $78.64 and a two-hundred day moving average price of $84.70. ONEOK, Inc. has a one year low of $72.18 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $46.98 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.82 and a beta of 1.04.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.01. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.20 billion. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. During the same period in the previous year, the business earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid a dividend of $1.03 per share. The ex-dividend date was Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.5%. ONEOK's dividend payout ratio is currently 80.31%.

Wall Street Analyst Weigh In

OKE has been the topic of several research analyst reports. Citigroup decreased their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Barclays set a $83.00 price objective on shares of ONEOK in a research note on Thursday, August 14th. TD Cowen assumed coverage on ONEOK in a research report on Monday, July 7th. They set a "hold" rating and a $91.00 price target on the stock. Mizuho dropped their target price on shares of ONEOK from $87.00 to $82.00 and set a "neutral" rating for the company in a report on Friday. Finally, Scotiabank set a $92.00 target price on ONEOK and gave the stock a "sector outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, ONEOK currently has an average rating of "Moderate Buy" and an average target price of $100.60.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.